BlackRock Names Billionaire Slim’s Son to Board of Directors

BlackRock Inc. (BLK) named Marco Antonio Slim Domit, the second-oldest son of billionaire Carlos Slim, to its board of directors.

Slim Domit is the chief executive officer of Grupo Financiero Inbursa SAB, the Mexico City-based financial-services firm controlled by the billionaire. The appointment brings the number of members on BlackRock’s board to 17, including 10 who are independent, the New York-based company said today in a statement.

BlackRock, the world’s biggest money manager, oversees $3.66 trillion in assets. Slim Domit, 43, brings expertise in the financial-services industry in Latin America, among the markets BlackRock considers “key priorities,” Chief Executive Officer Laurence D. Fink said in today’s statement.

Carlos Slim, the world’s richest man according to Forbes magazine, last year acquired shares of BlackRock, Arturo Elias, Slim’s spokesman, said in a telephone interview in November. At the time, Elias said he didn’t know the exact amount of the stake.

To contact the reporters on this story: Crayton Harrison in Mexico City at tharrison5@bloomberg.net; Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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